The healthcare sector went on a tear beginning in 2011, thanks in large part to the passage of the Affordable Care Act and its impending implementat
Thursday, 19 January 2017
Last updated 18 min ago
Apr 17 2008 | 7:27am ET
Last year was a very good year for John Paulson. The Paulson & Co. boss—whose hedge funds posted triple-digit returns in 2007—made $3.7 billion, $800 million more than any other hedge fund manager.
George Soros came in second in Alpha magazine’s annual ranking of the top 25 hedge fund managers with $2.9 billion in estimated earnings. Last year’s number one, Renaissance Technologies’ James Simons, placed third with $2.8 billion.
According to Alpha, which makes its estimates based on assets under management, fees, returns, personal investments in the funds and firm ownership, average pay for the top 25 soared 68% to $892 million last year. The top five managers each made more than $1 billion; the minimum income for entry into the very exclusive club was $210 million, earned by David Shaw of D.E. Shaw & Co.
Harbinger Capital Partners’ Philip Falcone was fourth on the list with $1.7 billion and Citadel Investment Group’s Kenneth Griffin came in fifth with $1.5 billion.
Rounding out the top 10 are SAC Capital Advisor’s Steven Cohen ($900 million), Atticus Capital’s Timothy Barakett ($750 million), Lone Pine Capital’s Stephen Mandel ($710 million), Blue Ridge Capital’s John Griffin ($625 million) and Viking Global Investors’ Andreas Halvorsen ($520 million).
Five of last year’s top 25 slipped off this year’s list.